Bargaining For The Best Reverse Mortgage Rates

Reverse mortgage rates are not different form traditional mortgage rates, and when you are applying for a reverse mortgage you should make every effort to find the lowest reverse mortgage rates you possibly can. While comparison shopping takes time, you can help your own cause by taking advantage of the reverse mortgage calculators available on one of the many reversed mortgage Internet websites.

You will have to pay interest on your reverse mortgage loan regardless of whether you receive your money as a single lump sum, in monthly installments, or as advances on a credit line. In the US, reverse mortgage rates are tied to the US Treasury rate, and like all adjustable mortgages rates will fluctuate as it does.

The Margin Is The Difference

Because of this, any money you save on your reverse mortgage rates will be as a result of the competition among lenders. Their margin--the amount they charge in interest over and above the variable treasury-based reverse mortgage rate, will vary from company to company. Lenders can adjust their rates anywhere from once a month to once a year.

Fixed-Rate Reverse Mortgages

Fixed-rate reverse mortgages are the exception to the rule, although they have become more available in recent months. One limitation on a fixed-rate reverse mortgage is that the borrower must take his or her money in a single payment; monthly installments and lines of credit are not permitted. Fixed reverse mortgage rates, in early 2007, were hovering in the low end of the six percent range, not including the lenders' margins.

Your fixed mortgage rate will have nothing to do with your credit history or your income. Even low-income senior citizens who have paid for their homes are eligible for reverse mortgages; they, in fact, are the individuals for whom reverse mortgages are primarily intended.

You can get a better idea of reverse mortgage rates by researching both online and brick-and-mortar reverse mortgage brokers; many brokers have both websites and offices. Find the best online rate you can, then take it to the reverse mortgage lenders in your area and use it as a negotiating tool if necessary.

You can find a list of legitimate reverse mortgage lenders close to you by doing a search on the National Reverse Mortgage Lenders Association--NRMLA--website, searching by the name of the state in which you live, and then whittling down the results to lenders in your area. All NRMLA lenders are committed to upholding a Code of Conduct, which means they will deal with you fairly in the reverse mortgage process.

About the Author

You can also find more info on Reverse Mortgage Lender and Reverse Mortgage Loans. is a comprehensive resource to get information about Reverse Mortgage.


Anonymous said...

Hey there! I am about to start my own website and was wondering if you
know where the best place to buy a website url is?
I am not even sure if that's what its called? (I'm new to this) I'm referring to "". Exactly how do I go about acquiring one of these for the website I'm making?


Here is my webpage :: furnished apartments for rent in bradenton fl

Anonymous said...

Hey there are using Wordpress for your site platform?

I'm new to the blog world but I'm trying to get started and create my own.
Do you need any coding knowledge to make your own blog? Any help would be
greatly appreciated!

My blog post ... investment property tax deductions australia

Anonymous said...

Hiya! This is the third time visiting now and I personally just
wanted to say I truley get pleasure from reading through your blogging site.
I've decided to bookmark it at with your title: Blogger: All Refinance and your Domain name: I hope this is ok with you, I'm
attempting to give your wonderful blog a bit more publicity.
Be back shortly.

Feel free to surf to my blog - lg refrigerator

Anonymous said...

Howdy! It seems as though we both have a passion for the same thing.
Your blog, "Blogger: All Refinance" and mine are very similar.
Have you ever thought of authoring a guest article for a
related website? It will certainly help gain publicity to
your website (my website recieves a lot of traffic).

If you happen to be interested, email me at: augustus-callahan@fastmail.
cn. Appreciate it

Look at my web blog - 4n35 optocoupler application notes

Anonymous said...

Hi there, i read your blog occasionally and i own a similar one and i was just wondering if
you get a lot of spam remarks? If so how do you prevent it,
any plugin or anything you can advise? I get so much lately it's driving me crazy so any help is very much appreciated.

Have a look at my website;

Anonymous said...

I am really loving the theme/design of your website. Do you ever
run into any web browser compatibility problems? A handful of my blog readers have
complained about my site not operating correctly in Explorer but looks great in Safari.
Do you have any ideas to help fix this issue?

Review my webpage; home appliance warranty comparisons

Anonymous said...

Iím not that much of a online reader to be honest but your blogs really nice,
keep it up! I'll go ahead and bookmark your site to come back in the future. All the best

Here is my blog; frigidaire affinity washer troubleshooting

Anonymous said...

Hmm it lоokѕ like уour site ate my first comment (it was еxtremely long) so I guess I'll just sum it up what I had written and say, I'm thoroughly enjоying your blоg.

I too am an aѕpiring blog blоggeг but Ι'm still new to everything. Do you have any helpful hints for inexperienced blog writers? I'd ԁefinitеly aρpreciate it.

Hеre іs my hοmepage comparatif ssd

Anonymous said...

WOW just what I was looking for. Came here by searching for buy cheap laptops in the uk

My weblog ... more info

Anonymous said...

you are in point of fact a excellent webmaster.
The site loading velocity is amazing. It sort of feels that you're doing any unique trick. Furthermore, The contents are masterpiece. you have done a wonderful activity on this subject!

My web-site - voyance

Anonymous said...

Does your site have a contact page? I'm having trouble locating it but, I'd
like to send you an email. I've got some recommendations for your blog you might be interested in hearing. Either way, great blog and I look forward to seeing it grow over time.

Also visit my web blog: kitchen remodels with oak cabinets

Anonymous said...

Howdy would you mind sharing which blog platform you're working with? I'm planning to start my own blog in the near future but I'm having a difficult time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I'm looking for something completely unique.
P.S Apologies for being off-topic but I had to ask!

My blog post modern kitchens miami

Anonymous said...

I know this if off topic but I'm looking into starting my own blog and was curious what all is required to get setup? I'm assuming having a blog like yours would
cost a pretty penny? I'm not very web savvy so I'm not 100%
certain. Any suggestions or advice would be greatly appreciated.


Feel free to visit my blog :: home remodeling software

Anonymous said...

Amazing! Its in fact amazing article, I have got much clear idea about from this post.

Here is my homepage; turner appliance repair indianapolis

Anonymous said...

This page truly has all the info I needed about this subject and
didn't know who to ask.

Stop by my webpage: e-cigaretter

Anonymous said...

I've loaded your site in 3 totally different browsers and I must say this website loads a lot faster then most. Would you mind contacting me the name of your website hosting company? My personal e-mail is: I will even sign up through your affiliate link if you'd like.
Thanks alot :)

My webpage ... emergency appliance repairs

Anonymous said...

I am curious to find out what blog system you're working with? I'm
having some minor security problems with my latest website and I'd like to find something more risk-free. Do you have any solutions?

my page voyance Par mail

Post a Comment